E*Trade Review

E*Trade

Founded 1982

Minafi Score

53 /100

Minafi Rating

7 /10

Usability Rating

7 /10

Cost Rating

2 /10

Trust Rating

9 /10

Retirement Score

8 /10

Company Age Score

5 /5

JD Power Rating

0 /1000

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E*Trade Alternatives

All comparisons:

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E*Trade

53

Minafi's Take

E-Trade is one of the original online stock trading platforms. They survived the dot com boom and have only increased their offerings, lowered their fees, and become a more dominant trade platform.

While they lack the gamified user-optimized mobile platform of apps like Robinhood, they make it up in trustworthiness, account offerings, and overall features.

They offer a balance of tools for long-term retirement investing as well as for day trading. If you want a single platform that does everything, E-Trade is a solid option.

Just The Facts

Here’s everything you want to know about E*Trade.

Who Manages Your Money?

E*Trade is categorized as a .

What Features Does E*Trade Offer?

E*Trade allows you to invest using at least 6 different account types, over at least 3 platforms.

How Much Does E*Trade Cost?

Assuming a 0.25% expense ratio on funds.

Current Promotions

  • None

Fees & Expenses View all fees

  • $0 trade fee for stocks, options and ETFs
  • $0.65 trade fee for options contracts
  • $1.50 trade fee for future contracts
  • See all fees

How Do I Sign Up?

Open an Account

Pros

  • Built-in bank-to-bank connections for transferring money rather than through a 3rd party.
  • Account offerings for just about everything you could want (401(k), IRA, etc).
  • Full-service platform that doesn’t depend on others. Everything is in-house.

Cons

  • The number of options may be overwhelming to someone getting started investing.
  • Usability of the interface is focused on power users.

E*Trade Alternatives

Here's a look at how E*Trade compares with it's closest competitors.

E*Trade

53

Open An Account
Ratings
Rating Type Rating
Minafi Rating 7 /10
Usability Score 7 /10
Cost Rating 2 /10
Trust Rating 9 /10
Company Age Score 5 /5
JD Power Score 0 /10
Overview
Overview Feature Included
Founded 1982
Min Investment $0.00
Classification
Accounts Offered
How to Access
Allows Investors from
Features
Feature Included
Automatic Investing
Automatic Rebalancing
Automatic Tax-Loss Harvesting
Checking Account
Fractional ETF Shares
Free Trades
Good for Beginners
Good for Day Trading
Good for Retirement
Sign Up Bonus
Fees & Expenses
Fee Type Included
Management Fee -
Monthly Fee -
Options Fee
Trade Fee -

Interactive Brokers

60

Open An Account
Ratings
Rating Type Rating
Minafi Rating /10
Usability Score 4 /10
Cost Rating 1 /10
Trust Rating 10 /10
Company Age Score 5 /5
JD Power Score -
Overview
Overview Feature Included
Founded 1978
Min Investment $0.00
Classification
Accounts Offered
How to Access
Allows Investors from
Features
Feature Included
Automatic Investing
Automatic Rebalancing
Automatic Tax-Loss Harvesting
Checking Account
Fractional ETF Shares
Free Trades
Good for Beginners
Good for Day Trading
Good for Retirement
Sign Up Bonus
Fees & Expenses
Fee Type Included
Management Fee -
Monthly Fee -
Options Fee -
Trade Fee

Robinhood

37

Open An Account
Ratings
Rating Type Rating
Minafi Rating 5 /10
Usability Score 9 /10
Cost Rating 0 /10
Trust Rating 2 /10
Company Age Score 5 /5
JD Power Score -
Overview
Overview Feature Included
Founded 2013
Min Investment $0.00
Classification
Accounts Offered
How to Access
Allows Investors from
Features
Feature Included
Automatic Investing
Automatic Rebalancing
Automatic Tax-Loss Harvesting
Checking Account
Fractional ETF Shares
Free Trades
Good for Beginners
Good for Day Trading
Good for Retirement
Sign Up Bonus
Fees & Expenses
Fee Type Included
Management Fee -
Monthly Fee -
Options Fee -
Trade Fee -

Compare E*Trade with other platforms »

Ready to Sign up?

Open an Account

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